Instant Deposit and Your Stimulus Control: The Cutoff Is Over, Here's What Happens Now

The IRS says it has stopped collecting bank data for direct deposit of stimulus checks.

Angela Lang / CNET

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You may have missed the May 13 deadline set by the IRS for you to provide your bank account details for direct deposits. But do not worry. The federal agency will still send you your stimulus check, as long as you are eligible to receive a . You just get your payment in a different way. Currently, the IRS is finalizing the final curve of its coronavirus aid payments, after sending over 140 million checks to people to help offset financial hardships, with about 10 million new checks remaining. The United States House of Representatives urges that a bill be submitted for a second stimulus check .

For now, you can still get your share of this first (and possibly only) package of state aid without doing anything. It arrives via a US Treasury prepaid EIP debit card or as a check by mail. We will give you some basic information on how to get your payment and explain how to track the money on in two different ways . We also know some reasons why you may not have received your stimulus checkup yet .

If you're looking for more help with paying bills, here's what we know about unemployment insurance what you can do if you lose your job and how the coronavirus ] affects your rent and car payments . We often update this story with new information.

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Where's my stimulus control?

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How do I receive my check by post or direct deposit?

Now that the IRS says it no longer accepts direct deposit information, the federal agency said it will continue to transfer money to bank accounts and focus on sending the rest of the paper checks, which should arrive until the end of May and in June. The Treasury said it also sends up to 4 million of those payments as & # 39; payment cards with economic impact & # 39; instead of paper checks. The Treasury Department has not responded to our request for clarification on who gets an EIP card.

Here's how to find out if you receive a check or EIP card by mail or directly to your account if you have not set up a direct deposit using the Get My Payment tool.

If you filed tax in 2018 or 2019 and added direct deposit information: You are all set. The IRS should automatically deposit your check into the bank account you provided with your tax return.

If you filed an application in 2018 or 2019, but did not include direct deposit information: the IRS will email you your payment.

If the bank account you put on your tax return is no longer active: The IRS will send your check to the last address it has for you.

Keep up with the pandemic of the coronavirus.

If you entered your bank account details last Tuesday: The IRS says your payment date should have been available in Get My Payment on Saturday.

If you entered your bank details after last Tuesday and before noon ET on Wednesday: Your payment date should be available from next Saturday.

When will I receive my check?

The IRS said it will make payments for the rest of 2020. If you don't receive payment this year – or if you should receive a larger payment than you received, for example, because of a new child – the IRS said you can claim your allocated stimulus money next year by filing a 2020 tax return.

Hopefully you get your payment much faster than that. You can use the Get My Payment portal to see your payment schedule .

Note that the IRS sometimes even sends you a check by mail, even if you manage to enter your bank details because the payment has already been processed. The IRS said it can take up to 14 days to receive payment if this is the case.

Will there be a second round of stimulus checks?

While many US residents are still waiting for their first payments, on May 15, the United States House of Representatives passed legislation for additional economic relief, including a second coronavirus assistance check for up to $ 1,200 per person and $ 6,000 per family. However, it is far from becoming the law.

For more information, here how to best use your stimulus and how to avoid getting scammed .